Natixis Advisors LLC Sells 7,475 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Natixis Advisors LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 430,031 shares of the technology company’s stock after selling 7,475 shares during the quarter. Natixis Advisors LLC’s holdings in Trade Desk were worth $50,542,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TTD. Aptus Capital Advisors LLC lifted its holdings in Trade Desk by 3.6% in the third quarter. Aptus Capital Advisors LLC now owns 4,116 shares of the technology company’s stock valued at $451,000 after acquiring an additional 144 shares during the period. Kovack Advisors Inc. bought a new position in shares of Trade Desk in the third quarter worth about $201,000. KBC Group NV raised its stake in shares of Trade Desk by 22.2% in the third quarter. KBC Group NV now owns 113,097 shares of the technology company’s stock worth $12,401,000 after buying an additional 20,576 shares during the period. Huntington National Bank raised its stake in shares of Trade Desk by 22.9% in the third quarter. Huntington National Bank now owns 1,729 shares of the technology company’s stock worth $190,000 after buying an additional 322 shares during the period. Finally, Metis Global Partners LLC raised its stake in shares of Trade Desk by 7.0% in the third quarter. Metis Global Partners LLC now owns 7,298 shares of the technology company’s stock worth $800,000 after buying an additional 478 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 in the last quarter. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $53.94 on Friday. The stock has a market cap of $26.76 billion, a price-to-earnings ratio of 69.15, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The stock has a 50 day moving average price of $97.79 and a 200-day moving average price of $111.51. The Trade Desk, Inc. has a one year low of $53.42 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Sell-side analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has initiated a share buyback plan on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently commented on TTD. Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 price objective (down previously from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. JMP Securities decreased their price objective on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. Morgan Stanley decreased their price objective on Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Finally, Susquehanna decreased their target price on Trade Desk from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $119.45.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.